BTC Capital Management Inc. Purchases 6,432 Shares of SS&C Technologies Holdings, Inc. $SSNC

Key Points

• BTC Capital Management Inc. increased its stake in SS&C Technologies by 16.1% during Q2, now holding 46,490 shares valued at approximately $3.8 million.
• SS&C Technologies recently declared a quarterly dividend of $1.08 per share, yielding 4.9%, marking a significant increase from its previous dividend of $0.25.
• Analyst reports have boosted target prices for SS&C Technologies, with estimates now ranging from $88.00 to $110.00, reflecting a generally positive outlook for the stock.

BTC Capital Management Inc. increased its holdings in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC - Free Report) by 16.1% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 46,490 shares of the technology company's stock after purchasing an additional 6,432 shares during the period. BTC Capital Management Inc.'s holdings in SS&C Technologies were worth $3,799,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in SSNC. Atwood & Palmer Inc. increased its holdings in shares of SS&C Technologies by 125.8% during the first quarter. Atwood & Palmer Inc. now owns 298 shares of the technology company's stock worth $25,000 after buying an additional 166 shares in the last quarter. Larson Financial Group LLC increased its holdings in shares of SS&C Technologies by 634.8% during the first quarter. Larson Financial Group LLC now owns 338 shares of the technology company's stock worth $28,000 after buying an additional 292 shares in the last quarter. Whittier Trust Co. acquired a new stake in shares of SS&C Technologies during the first quarter worth approximately $29,000. N.E.W. Advisory Services LLC acquired a new stake in shares of SS&C Technologies during the first quarter worth approximately $29,000. Finally, Elequin Capital LP acquired a new stake in shares of SS&C Technologies during the first quarter worth approximately $30,000. Institutional investors and hedge funds own 96.95% of the company's stock.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the stock. Morgan Stanley raised their price objective on shares of SS&C Technologies from $75.00 to $88.00 and gave the stock an "equal weight" rating in a report on Thursday, July 24th. JPMorgan Chase & Co. raised their price target on shares of SS&C Technologies from $86.00 to $94.00 and gave the company a "neutral" rating in a report on Thursday, July 24th. Raymond James Financial raised their price target on shares of SS&C Technologies from $90.00 to $95.00 and gave the company a "strong-buy" rating in a report on Thursday, July 24th. Needham & Company LLC raised their price target on shares of SS&C Technologies from $90.00 to $100.00 and gave the company a "buy" rating in a report on Thursday, July 24th. Finally, UBS Group raised their price target on shares of SS&C Technologies from $108.00 to $110.00 and gave the company a "buy" rating in a report on Friday, August 22nd. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and two have assigned a Hold rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $97.38.

SS&C Technologies Trading Down 1.4%

SSNC stock traded down $1.25 during midday trading on Tuesday, reaching $88.39. The company's stock had a trading volume of 346,834 shares, compared to its average volume of 1,338,379. SS&C Technologies Holdings, Inc. has a 52 week low of $66.83 and a 52 week high of $91.07. The stock has a market cap of $21.59 billion, a PE ratio of 27.70 and a beta of 1.24. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 0.97. The business's 50-day simple moving average is $87.00 and its 200-day simple moving average is $82.24.

SS&C Technologies (NASDAQ:SSNC - Get Free Report) last announced its quarterly earnings data on Wednesday, July 23rd. The technology company reported $1.45 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.39 by $0.06. The firm had revenue of $1.54 billion for the quarter, compared to analysts' expectations of $1.52 billion. SS&C Technologies had a net margin of 13.34% and a return on equity of 18.92%. The business's revenue for the quarter was up 5.9% on a year-over-year basis. During the same period last year, the firm earned $1.27 earnings per share. SS&C Technologies has set its FY 2025 guidance at 5.820-6.060 EPS. Q3 2025 guidance at 1.440-1.500 EPS. As a group, sell-side analysts expect that SS&C Technologies Holdings, Inc. will post 5.35 EPS for the current year.

SS&C Technologies Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, September 15th. Stockholders of record on Tuesday, September 2nd were given a dividend of $1.08 per share. This is a positive change from SS&C Technologies's previous quarterly dividend of $0.25. This represents a $4.32 dividend on an annualized basis and a dividend yield of 4.9%. The ex-dividend date of this dividend was Tuesday, September 2nd. SS&C Technologies's payout ratio is 33.86%.

About SS&C Technologies

SS&C Technologies Holdings, Inc engages in the development and provision of software solutions to the financial services and healthcare industries. It operates through the following geographical segments: United States, Europe, Middle East and Africa, Asia Pacific and Japan, Canada, and the Americas, excluding the United States and Canada.